E2-11 Presented below is the ledger for Sparks Co. Ltd.Journalize transactionsaccount data and prepaNo. 101Share Capital-Ordinary No. 311 trial balance.Cash5,000 10/4650 10/123,000 10/15500 10/302,000 | 10/31Accounts Receivable No. 1121,100 10/205,000 (LO 4, 7)2,00010/140010/110/101,50010/2510/10280DividendsNo. 33210/2030010/3030010/25600Service RevenueNo. 40010/650010/61,10010/1065094010/2094010/20SuppliesNo. 126Salaries and10/4400Wages Expense600No. 726EquipmentNo. 15710/3110/32,000Rent ExpenseNo. 729Notes Payable|10/10No. 20010/152803,000Accounts Payable No. 2011,500 10/310/122,000Instructions(a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and20, and provide explanations for each.(b) Determine the October 31 balance for each of the accounts above, and prepare a trialbalance at October 31, 2017.

E2-11 Presented below is the ledger for Sparks Co. Ltd. Journalize account da No. 101 Share Capital-Ordinary No. 31i trial balanc 5,000 (LO 4, 7) Cash 5,000 10/4 650 10/12 3,000 10/15 500 10/30 2,000 | 10/31 Accounts Receivable No. 112 1,100 10/20 940 10/1 400 10/1 10/10 1,500 10/25 2,000 10/10 280 Dividends 300 | No. 332 10/20 300 10/25 600 10/30 Service Revenue No. 400 10/6 10/10 10/20 1,100 650 940 10/6 500 10/20 Supplies No. 126 Salaries and Wages Expense 600| 10/4 400 No. 726 Equipment 2,000 No. 157 10/31 10/3 Rent Expense 280 No. 729 Notes Payable T10/10 No. 200 10/15 3,000 Accounts Payable No. 201 1,500 | 10/3 10/12 2,000 Instructions (a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each. (b) Determine the October 31 balance for each of the accounts above, and prepare a trial

E2-11 Presented below is the ledger for Sparks Co. Ltd. Journalize account da No. 101 Share Capital-Ordinary No. 31i trial balanc 5,000 (LO 4, 7) Cash 5,000 10/4 650 10/12 3,000 10/15 500 10/30 2,000 | 10/31 Accounts Receivable No. 112 1,100 10/20 940 10/1 400 10/1 10/10 1,500 10/25 2,000 10/10 280 Dividends 300 | No. 332 10/20 300 10/25 600 10/30 Service Revenue No. 400 10/6 10/10 10/20 1,100 650 940 10/6 500 10/20 Supplies No. 126 Salaries and Wages Expense 600| 10/4 400 No. 726 Equipment 2,000 No. 157 10/31 10/3 Rent Expense 280 No. 729 Notes Payable T10/10 No. 200 10/15 3,000 Accounts Payable No. 201 1,500 | 10/3 10/12 2,000 Instructions (a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each. (b) Determine the October 31 balance for each of the accounts above, and prepare a trial

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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